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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) -February 28, 1997
VALLEY NATIONAL BANCORP
(Exact Name of Registrant as Specified in Charter)
NEW JERSEY
(State or Other Jurisdiction of Incorporation)
0-11179 22-2477875
(Commission File Number) (IRS Employer Identification No.)
1455 Valley Road, Wayne, New Jersey 07470
(Address of Principal Executive Offices)
(201) 305-8800
(Registrant's Telephone Number)
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Item 5. Other Events.
Effective as of the close of business on February 28, 1997, Valley
National Bancorp ("Valley") consummated its previously announced merger with
Midland Bancorporation, Inc. ("Midland") whereby Midland was merged with and
into Valley pursuant to the Agreement and Plan of Merger dated as of September
13, 1996 among Valley, Valley National Bank ("VNB"), Midland and The Midland
Bank and Trust Company (the "Bank"). In accordance with a separate merger
agreement, the Bank merged with and into VNB effective on March 1, 1997. The
merger increases Valley's asset size by 9 percent to $5.1 billion and its branch
network to 95 offices. As a result of the Merger, Midland's shareholders
received 30 shares of Valley common stock for each share of Midland common
stock.
Item 7. Exhibits.
99 Press Release dated February 28, 1997
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registration has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.
VALLEY NATIONAL BANCORP
Dated: March 11, 1997 By: /S/ GERALD H. LIPKIN
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Gerald H. Lipkin
Chairman, President and CEO
INDEX TO EXHIBITS
Exhibit No. Description
99 Press Release dated February 28, 1997